Agriculture and Business: Inheritance Tax
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment he has made of the potential impact of changes to Agricultural and Business Property Relief on levels on investment on farms in (a) England, (b) Scotland, (c) Wales and (d) Northern Ireland.
Answered by Dame Angela Eagle
As agriculture is a devolved policy, this response only covers England.
In England, no assessment has been made of the potential impact of changes to Agricultural and Business Property Relief on levels of investment on farms. Data on farm investment income is available in the table 5 series of Farm Accounts in England – but these tables only show data for 2022/23 and 2023/24.
Defra are currently collecting the 2024/25 data; data on English farm investment income for 2024/25 will be published in January 2026.
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